Saudi Arabia to invest US$140bn in Transport sector
"Saudi Arabia has decided to invest US$140bn in the country's transport sector within the next ten years" said the Saudi Arabian General Investment Authority (SAGIA) governor Abdullatif Al-Othman.
The funds would be utilised to build a railway network, ports as well as airports, he said. Experts have predicted that the Saudi Arabian transport sector will grow in the coming years, despite low oil prices. Particularly, the delivery and modernisation of mega transport projects such as the rail, metro, airports and ports is expected to grow.
The Middle Eastern nation seeks to become a meeting point for commerce and trade between the East and West, and is eager to ease road, rail and air travel in a bid to boost the economy. In addition, better transport networks will help improve the flow of traffic, ease congestions and increase job opportunities
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IDEAL LOCATION - THE KINGDOM IS A KEY GLOBAL TRANSPORT AND LOGISTICS HUB
The 6th edition of SAUDI TRANSTEC a highly successful event provides the ideal environment for local, regional and global companies to benefit from the continued growth and development of Saudi Arabia’s booming transport and logistics sectors!
Positioned between Europe, Africa and Asia-Pacific, Saudi Arabia is the ideal hub for global transportation, an attractive prospect for investors and the perfect location for SAUDI TRANSTEC 2015.
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